doing their job properly look at what in the note obama who want people to wake up otherwise we'll just become slaves to the system who want to be treated as humans and they believe they can make a difference. the government has to change things because they don't have a choice. with greece in shambles and neighboring portugal trashed by the rating agencies spain is facing not just a financial but a deepening social crisis members of the so-called indignant marches say they want their dignity preserved but whether their calls will be heard is a whole another issue even. madrid. greece's attempts to solve its financial crisis also saw sounds take to the streets some turning to violence and financial analyst max kaiser agrees with the protesters who feel the latest one hundred nine billion euro bailout will only plunge the eurozone deeper into trouble . it increases the amount of debt and increases the amount of debt in the eurozone

it is crease of the amount of debt in greece so this is a plan cooked up by bankers to repackage recent. release. that's what they do and it crowds out the real economy so if they think that this is going to help the economy grow their way to a position of paying off this debt or paying the interest on the debt that's not going to happen because by giving bankers more dead to control the productive part of the economy you are eliminating that part of the economy's ability to pay off this debt so the banking cancer is just becoming worse in the eurozone and worse in greece running up the banks there but not bailing out the workers or the people who are on the ground so to speak that bailing out european banks they're bailing out wall street banks they're bailing out other banks and so doing they're increasing the debt load so it's making the situation much worse and they're crowding out any ability for the workers in greece to generate enough income to pay off this debt

this is consigning the population to debt servitude. next guys are there now and the in the u.s. the republicans and the data credits failed to strike a deal to resolve the nation's debt ceiling crisis over the weekend it comes as secretary of state hillary clinton is in hong kong wrapping up a series of asian economic and political talks well for more on what's going on i'm joined live by investing author jim rogers who is in singapore jim good to have you here in the program now clinton's visit to asia comes as the u.s. is struggling to deal with its own national debt so what economic issues will be dominating the talks during this visit you think. well you know mrs lenz is a bit of a bottom america's the largest debtor nation in the history of the world and she is going to speak to the to the creditor she's going to try to demand things from them but the chinese now know they don't have to pay too much attention to america she's going to as the them to continue to to finance america and china is going to say

you america have to do something about your debt situation because we don't like what's going on so she will be on the defensive and rightly so so what is a likely scenario for developments in the united states i mean as you know the republicans and democrats in the u.s. have until next week to strike a deal out of us will be unable to pay its bills so is that a foreigner a real possibility in that situation i mean i know you're as a reporter i have to report on all that stuff but i don't pay too much attention to it is political noise is political gamesmanship america will do something they'll be some kind of deal they will continue to stay in business america is not going out of business next week and i assure you there. may be a day or two but no is going forward america someday will default there's no question marina america's the largest debtor nation in the world there's no way america can ever pay off its debt it will either inflate that money away or we won't change the rules how it will do something to default if by another name but

what is a likely solution in the situation in your opinion i mean they will have they they they must have must come to something in the end i mean there's got to be a way out. they will come to a publisher the stunt in the end and say that both sides have won the only way out in the arena is to take an x. no you have to take a chain so just spending in america and cut it very dramatically it is staggering how much money is spending america spending money it does not have and they're not going to be able to borrow it much much longer because the creditors china russia other people are starting to say we're not going to lend you any more money shape up well speaking of spending why do you think the united states failed to cut it for decades to using instead to accumulate debt. it's always easier as a politician to go and say i will give you anything you won't let me write you a check that's how you get elected that's how you get votes and as long as there is

money there as long as you can do that as long as you can either earn the money or borrow the money or print the money you can get away with it but now we're coming to the end of the lot it's like if your brother in law came to you every month marina and borrow money to mention lee you would say to him go away i'm not going to lead you any money well that's the time it's coming to in america well the united states is not the only country that's in a tough economic situation but let's travel across the pond now over to europe so in your opinion was it the right move to go ahead with a second bailout for greece no no no it's absolutely outrageous what they did they're just trying to push the problem down until after the next election all politicians hope that by the next after the next election everything will be better but it's not they're just making the situation worse for rayna what they need to do is to go in and make the banks and the creditors take big losses they made the loans to to greece didn't you and i didn't make the loans to greece the greek

citizens german citizen certainly did not make loans to greek to the greeks the dutch did so they need to go in there make the banks and the creditors take the big losses that greece reorganize and start over just letting greece build a bigger and bigger debts it's not going to make things better it's going to make them worse also look at the public discontent and it's growing and europe i mean it's not just greece and we still protest earlier and spain as well as our correspondent reporting so is this likely to spread to other neighboring nations perhaps who are struggling financially as well. of course it is i mean if you were a good honest citizen or finnish citizen and suddenly your politicians came to you and said ok you hons now you have to pay off these debts of these people sitting down in greece drinking booze all these people in in spain drinking sherry you would be furious i would be fear is there isn't as bad economics and it's very bad

morality not the politicians care about morality. but ten are we likely to see the light of the end of the tunnel the only way you're going to see the light is for everybody just accept reality mistakes were made reorganized and start over marina in japan twenty years ago they decided that they would not let people fail well the japanese now talk about two last decades europe's going to have at least the last decade and two or three last decades if they continue to try to deny reality you cannot get away with the fact that bank with greece is bankrupt and so are some of the people when once you are short term for nonsense what's going to happen like in you know in the not so distant future. well people are going to say they're going to have a sigh of relief in europe and say well greece is ok everything is fine they're going to do the same thing in the other places they're going to try to push the problem down the road but down the road when that when it comes up again things are

going to be much much much worse like was in the u.s. they're pushing the problem down the road but eventually all of this is not going to be you cannot avoid it any longer and the markets are going to say let's accept reality and you're going to have a crisis or a simic crisis. all right jim thanks very much for your thoughts as always much appreciated jim rogers author of financial commentator and co-founder of the quantum fund talking to us from singapore. to other stories now here on r t the man charged with carrying out friday's twenty tappan norway's deal to make his first appearance in court to explain his actions thirty two year old anders behring breivik has admitted responsibility for a bomb attack in the capital and a massacre at a youth camp however he has denied any criminal guilt for the terror the claimed at least ninety three lives brevik said he wanted to start a revolution to defeat

a liberal immigration policies and the spread of islam bomb in oslo targeted buildings connected to norway's governing labor party and the youth camp on the toile island was also won by it under a regional law he faces up to twenty one years in jail for of the atrocities breivik and self described as gruesome by necessary investigative journalist tony gosling told r.t. the case highlights a new brand of terrorism. but i. thought he was some kind of noise from medieval times because he's echoing the kind of crusader attitude that it's a very strange version of christianity that he is he says he's a christian i don't think he is maybe the same kind of strange version of christianity that bush and bill. there have been coming up with over the last ten years or so so i think that this is actually the tip of an iceberg there's actually quite a lot of this neo nazi activity out there and now i think the antiterrorist or thought

he's right across the world are going to have to take this brand of terrorism much more seriously and particularly worrying is that he was a freemason and as declared that he was a freemason i would imagine that the norwegian police are now going to be talking to other all the other members of any masonic lodges that he was in because this seems to be the place where this kind of fake christian rather nasty racist ideology was cooked up i would also add that it was interesting that the police said they never come across him before the norwegian police but i wonder very much i wonder if the secret service in norway has been watching him because it was very strange that when he was first arrested on friday the police actually called out his name to him now it was very i would be amazed if they would have actually known as they first approached him what his name was i would have thought that from the arrest point that's where the investigation would have started from on my very vulgar. partners in chicago says the attack is likely to force their will to

reconsider immigration policies. i think what this did is it really highlighted the immigrant i don't want to call it a problem i want to call it you know immigrant reality there is a huge influx of immigrants coming into norway and you're oddly you know mostly in the bottle most of the norwegians probably didn't know that i was twenty five percent immigrant who arrived a they know a lot more of those statistics now i think you're going to you know people saying well gosh this guy was a creative lunatic but we have another pretty serious problem choose the prime minister you know is this that the labor party generally did a great job you know comforting the nation those twenty four hours were haptic they were you know terrifying they did a great job comforting the nation here's the issue with people hearing more a great word with the labor party going to have to do in norway is you know i don't think that the extent concern to people who are nervous about the immigrant population you know collazo some of the more extreme groups you know and least

extreme views if that makes sense and adopt them into their own platform and say look you know the average joe q. boder we understand you're concerned about this issue but we think norway had it a great interaction here is why so instead of managing and you know governing through fear they have to adopt some of those you know who are sort of jingoistic policies but also to present you know a more positive view of norway or ward. you're watching r t live from moscow on the way fighting the onslaught of a deadly drug crackdown on the substance known as crocodile could also affect innocent painkiller users in russia. germany decided to weigh in on nato campaign in libya despite of stating from a u.n. vote on military intervention back in march berlin says it's loaning a hundred million euro to the rebels for civilian and humanitarian purposes the germans initially oppose action in libya but chancellor angela merkel has since expressed hope the nato mission succeeds remains also recognize the transitional

national council as the legitimate government of libya the loan comes as billions of dollars of colonel gadhafi assets remain frozen in offshore banks despite the coalition's pledge to give the money to the rebels german government consultant christa personal things berlin has a vested interest in cashing in on the war. it is really a big question what this money is being used for first of all who controls that then next has nato ever cared for the civilian population in libya i don't think so group of countries bombing libya and using uranium weapons that of course is a group of countries not caring for the civilian population abstaining just being neutral in this case of course was not enough because nato has used the security resolution as a you know free hand to do just anything they want in effect they are fighting on the side of the rebels they're fighting the libyan government nobody knows where

nato will decide to you know protect some civil populations and then mean way they killed the government more than twenty billion dollars in freeze the assets this money is going to be used to help the rebels but of course that is in a way totally illegal you can't just take money away from from governments and give it to rebels germany wants a piece of the cake to be to be clear germany wants to maintain its fifteen percent of the libyan oil as a percentage of the total oil imports of germany. the dettori is gone tunnel bay prison camp has been ruining lives and reputations for years and many detainees went on to be released without charge after years of torment r.t. spoke to former detainee murat kurnaz who says he had he was the victim of sadistic torture methods the full interviews coming up in around fifteen minutes time. i saw many people got killed on the torture and. i was one of those who

survived those kind of closure on myself they used electroshocks because i will not sign papers and. i was forced to agree that i may be a member of fatah you want to go and i was not even really i didn't know at the time what used to be when they asked me what i didn't tell you and i said i'm not a member of them and they brought me papers force me to sign i refused and that's why. they forced me to admit to sign making sign by election electroshocks and other times the force of the water treatment it's normal on the water boarding another time they hang on chains i had chains on my hands and i was hanging on the ceiling there was pulling. on the ceiling with a chain and into my feet used to be over the floor and. off the few days i start to pass off of course because in that situation i could not eat or drink and

it was freezing call that it was during winter time. the bodies of all the victims who died when a pleasure cruiser sank in russia's tatarstan republic two weeks ago have been recovered one hundred twenty two people died in the country's worst water disaster in decades the bulgaria went down in minutes on the volga river with two hundred and one on board seventy nine were rescued the ship has been one. from the river bed and toads to shallow waters were the haul is to be drained to help investigators establish the cause of the tragedy the boat's owner is under investigation and two people have already been charged with violating safety regulations. watching r t let's now take a look at some of the stories from around the world and mexican authorities have arrested more than one thousand people to crack down on human trafficking and sexual exploitation the arrests were made throughout the weekend in

a mexican northern city of juarez police say they also rescued a few dozen underage girls the city is known as the deadliest in the country with over three thousand murders committed their last year alone. the new york hotel maid who accused former i.m.f. chief dominique strauss kahn of attempting to rape her has spoken out for the first time thirty two year old enough he said to reveal her identity and details your ledge to tag saying she wanted to go to jail she gave the magazine interview as authorities consider whether to drop charges and doubts over her credibility strauss kahn denies seven counts of sexual offenses and has been released from house arrest. pirates hijacked in the talian diesel tanker with twenty three crew members on board in western africa the attack was carried out on sunday in the gulf of guinea off binning whose navy is pursuing the vessel most of the crew are

from romania the philippines was two italians incidents of this kind are more common off the east coast of africa usually by somalia based pirates. the last suspect on the international war crimes tribunals list of one hundred sixty one fugitives is to face a un court at the hague on monday goran hadzic was arrested last week in serbia after seven years on the run he's accused of atrocities during the conflict between gratian and yugoslavia in the early ninety's ranging from murder to religious persecution. cheapness. and availability have turned a highly toxic drug known as crocodile into russia's second heroin in an attempt to stamp out to stamp out the use of the deadly substance from next to european killers will only be available by prescription but is already using a run of reports the new law could lead nine addicts to suffer instead. what they call the crocodile because its users skin turns kaley before it falls off

virtually unknown ten years ago it's a mixture of petrol solvents phosphorous and most importantly cheap medicines containing the painkiller codeine it's now become rich the second most popular drug the heroin to which the cheaper and more easily available alternative injecting this lethal cocktail will rot a user's flesh in months most die within three years i have been to be using it for two months. never started it the government's come up with a simple solution for now i can still buy code being containing drugs off the shelf but from next year onward or need a prescription to do that statistics show that nearly half of russians use these drugs on a regular basis the vast majority of them for completely legitimate reasons so in their fight against drugs is the government going too far as in throwing the baby out with the bathwater. coding is sold over the counter in most western countries

but its sales have doubled in russia and so i've years and many say this is not a coincidence i think it was a mistake to start selling coding without a prescription in the first place by making it the most easily available opiate it's form this problem yet expert opinion has been divided some believe that this doesn't do enough to tackle the social cause of addiction and punishes innocent consumers. there is no efficient system in our country for issuing prescription it's so the people who will suffer for the ordinary pensioners of housewives who need those medicines but which is doing the drugs then in the moscow suburbs we came here to ask what the users themselves think about the new law. i don't believe it would change anything that those who want to take drugs will take drugs we will buy them from the right pharmacies and if we don't get them will you something else we will always have something to inject. either other of nerve. moscow.

for more news updates and videos go to our website or to dot com here's what we have for you on line today marty arrives in the cockpit of a plane to see how pranksters armed with a laser is risk blinding the pilot and causing a disaster during landing. also online on this day twenty five years ago so i mean astronaut atlantis meets good became the first woman to walk in space spending more than three and a half hours outside the city. now time take a look what's happening in the world of business dimitri is here with us. thanks

marina good morning and a warm welcome to the business update on arts in russia resuming vegetable imports from hungary in the past few weeks russia's consumer watchdog has also lifted restrictions on eight other e.u. nations of france belgium and the netherlands a ban on e.u. verge was imposed early in june after a deadly outbreak of e. coli like in germany. u.s. lawmakers are racing against the clock to forge a deficit reduction deal the agreement would clear the way for congress to raise the fourteen point three trillion dollar debt ceiling if the politician talks get stuck the u.s. may suffer a damaging default but this could spur demand for u.s. bonds as the chief economist says burbank explains why they hybrid ability as a result of the default in their prison in demand it's treasuries because you is treasuries. in the lunges market. low risk that sue

if you increase close associates rate you basically increase the risk in the overall system you all three many institutions which here require and by law do increase the number of. us it's in the park fall or. take a look at the markets now while is declining for the first time in five days that's on concerns of failure to reach a deal on raising the u.s. debt ceiling may cause the biggest consumer of crude to default like sweet is losing a dollar brant is dropping seventy two cents this hour. gold prices on the contrary observes to record highs as investors are seeking safe haven. jitters and global exchanges gold is trading at sixteen hundred thirteen dollars song. food tina silver is that. smoove to stock markets now across asia stocks

are pulling as investors fear the impasse in the u.s. the talks will prompt a dramatic cell phone booth changes before making them hank say shooting over free quarters of a percent this now in tokyo sony is almost two percent in the red toyota is dropping one point two percent in hong kong petro china is losing a three percent h.s.b.c. is down around the same. there moscow trading will kick off in around two i was time the russian markets under the previous week on the flat to positive notes were majors were among the top gave us both banking stocks something precious. and ahead of the new trading week mark rubenstein from measurable life see gives some names for investors to bulk think that we haven't seen a strong commodity prices i don't expect that to change in the near future. i think gas from now. is a very interesting name in a stroller and a correction in the past two weeks and with their oil prices back to where they had

been i think gas promising even room to run without a name we alike short charmin meter d.t.b. i think this is a very sharp at you right now and it has had a run up in their government funds really or given to the bank of moscow and but i think it's going to continue it's still trades at about twenty five percent below as we are bank coming up next you have loans with marina i'll be back in fifteen minutes time with an update.

twenty years ago the largest country in. the suitcases of. what had been. to teach began a journey. where did it take. for the full story we've got it from. the biggest issues get a human voice face to face with the news makers. welcome

back you're watching r t here's a look at the top stories spaniards united in anger over their government's failure to deal with data mass unemployment and. thousands rally on the streets of madrid as the u.s. struggles to strike a political deal over its own debt crisis hillary clinton has assured asia's markets will be found at the region. the mastermind behind the worst peacetime massacre in norway's histories to appear in court to explain why he carried out a twin terror attack that claimed over ninety lives behring breivik has admitted

responsibility singh's actions were not a crime but a call for change. and germany make so why eighty turn a stance on nato intervention in libya and approves a hundred million euro loan to the rebels and take it out of the camp is also in line for a multi-billion dollar cash injection from the international community if and when they hand over the libyan leader's frozen assets. one time obey continues to wreck lives despite president obama's pledge to shots the tory's prison many detainees released without charge have shed light on what goes on there are spoke to one former prisoner in iraq or nasir who says the u.s. hasn't issued even a simple apology for his years of torment is interview is up next. the united states held. the boat bay detention camp for five years before releasing him without charge mr cohen as have you ever been given an apology or an explanation by the americans. and they did not what's even i don't

thing that they are going to apologise for you were arrested in pakistan in two thousand and one why were you there here in germany i saw the group it's called jamaat to be helping. young people who have problems with drugs or homeless people who has problems at all they always come from pakistan they have iran to walt eighteen million members it's i thing the biggest group. nonpolitical and they are against war of course and they also hate and by. taliban because they are against war but. when i went to pakistan i went to that to their school of jamaat to be they have each year i guess between thirty and forty solvent.